Global Tissue Extraction System Market: Overview
The global tissue extraction system market is foretold to display an impressive growth rate in the coming years. This could be owing to the need for tissue extraction or biopsy for cancer analysis after the patient has been suspected of carrying the disease. The procedure is extremely vital for diagnosing the disease. Thus, increasing prevalence of carcinogenic agents, compromised immunity levels, and rising incidence of cancer could be among primary factors augmenting the demand in the market.
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The global tissue extraction system market could be segregated in terms of end user, application, and technology. By end user, there could be segments such as diagnostic centers, cancer research institutes, and hospitals.
The report is an intelligent representation of the global tissue extraction system market based on crucial aspects such as competitive landscape, segmentation, and geographical study. Each aspect of the market is comprehensively analyzed to provide a broader idea of how the tissue extraction system market could shape in the foreseeable future.
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Global Tissue Extraction System Market: Trends and Opportunities
The world tissue extraction system market is foreseen to achieve growth on the back of the increase in the incidence of different types of cancer across the globe. On annual basis, close to a 14 million people are impacted by cancer on the global platform, which is also a leading morbidity and mortality cause, according to the World Health Organization (WHO). The growth of the tissue extraction system market could also be attributed to the advent of minimally invasive procedures including liquid biopsy. Between 2017 and 2025, tissue extraction system market growth is anticipated to be propelled by the development of imaging technologies which include positron emission tomography (PET), computed tomography (CT), and magnetic resonance imaging (MRI) scans.
However, the demand for tissue extraction system could be silenced by unpredictability involved in the regulation of medical equipment. Another factor envisaged to hamper the demand in the world tissue extraction system market is the expensive cost of sophisticated biopsy technologies. Nonetheless, there are a few factors that could enhance the growth of the tissue extraction system market in the coming years – for instance, increase in geriatric population, high incidence of unhealthy lifestyle, and rising awareness about cancer diagnosis.
Global Tissue Extraction System Market: Regional Outlook
On the regional front, Europe is envisioned to tread on the heels of North America in the near future. North America could take a leading position in the international tissue extraction system market on the basis of volume and value. This region is expected to ride on certain factors to strengthen its lead in the tissue extraction system market. These include promising government initiatives, improved awareness among practitioners and patients, and presence of advanced healthcare infrastructure. Nevertheless, the global market could also showcase an improved growth rate in Asia Pacific on account of the rise of similar factors in China, India, and other developing nations.
Global Tissue Extraction System Market: Companies Mentioned
The international tissue extraction system market includes some of the top players of the industry such as Hologic, Inc., DTR Medical Ltd., Devicor Medical Products, Inc., Cardinal Health, and Argon Medical Devices, Inc. Leading companies involved in the manufacture of tissue extraction system are largely focusing on research and development for building products that will have a lesser impact on the patient’s body, minimal invasiveness, and maximize tissue quality and volume of the sample.
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